NET PREMIUM PAYMENT definition

NET PREMIUM PAYMENT. Your premium payment less any Premium Tax Charge deducted from the premium payment.
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NET PREMIUM PAYMENT. The gross Premium Payment less state premium taxes, if applicable, and any charges or expenses.
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NET PREMIUM PAYMENT is a premium payment after deduction of the Premium Expense Charge shown in the Policy Schedule. This is the amount that will be allocated to the Fixed Account and/or the Variable Sub-Account(s).
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Examples of NET PREMIUM PAYMENT in a sentence

  • A randomized clinical trial testing treatment preference and two dietary options in behavioral weight management: preliminary results of the impact of diet at 6 months: PREFER study.

  • Although Franck was eventually naturalized, he was born a Belgian citizen in Liège, a city midway between Brussels and Cologne, an area that in many ways was responsible for the birth of the Art Nouveau movement.Like Hector Guimard, Henry Van de Velde and other artists associated with the Art Nouveau, the new French symphony aimed to break away from the rigidity of classical forms, aiming instead for a disguise in naturalism.

  • DURING THE FIRST CONTRACT YEAR, AN INVESTMENT CREDIT OF 3% OF EACH NET PREMIUM PAYMENT MADE WILL BE CREDITED TO THE CONTRACT.

  • EXCEPT AS STATED IN THE ATTACHED ADVANCE PAYMENT RECEIPT, THE COMPANY WILL APPLY THE FIRST NET PREMIUM PAYMENT TO THE CREDIT OF THE BASIC CONTRACT APPLIED FOR AS OF THE VALUATION DATE ON OR NEXT FOLLOWING THE EFFECTIVE DATE.

  • There is the prospect of further job losses at the other civil service employers in the City, while weak growth in the private sector and one of the lowest rates of business start-ups in the UK mean that the private sector is unlikely to be able to employ those people previously employed in the civil service in the short to medium term.

  • ALLOCATIONS OF NET PREMIUM PAYMENT Premium payments that are requested to be allocated among the various Accounts under this policy must be allocated in amounts no smaller than one-tenth of a percent, provided that the total amount equals an aggregate of 100 percent.

  • The Chamber considers, on the basis of its findings in the Trial Judgment, that the degree of Dominic Ongwen’s participation, as well as the degree of his intent, were very high in respect of all the crimes he has been convicted of as concerns the attack on Odek IDP camp on 29 April 2004.

  • NET PREMIUM PAYMENT The Net Premium Payment equals the premium paid less any Premium Charges as shown on the Schedule Pages.

  • Furthermore, the Debtors are assessing their options, including financial and operational scenarios for potential plan components for a plan of reorganization.


More Definitions of NET PREMIUM PAYMENT

NET PREMIUM PAYMENT means the amount of a premium payment less the policy's Premium Charge. See the Premium Charge provision in Section 7. NOTICE TO US means your signed statement which is received at our Home Office and is in a form satisfactory to us.
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Related to NET PREMIUM PAYMENT

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Interim Payment has the meaning specified in Section 10.1.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Monthly Fee means the total consideration, including but not limited to, equipment or locker rental,

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.